9 Dec 2016 07:01
PJSC MAGNIT - November 2016 ResultsPJSC MAGNIT - November 2016 Results
PR Newswire
London, December 9
Press Release
Krasnodar
December 9, 2016
Magnit Announces 10.24% Retail Sales Growth in Rubles for November 2016[1]
Krasnodar, Russia (December 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces 10.24% retail sales growth in rubles for November 2016.
During November 2016 the Company opened (net) 317 stores. The total store base reached 13,814 stores (10,393 convenience stores, 230 hypermarkets, 185 “Magnit Family” stores and 3,006 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in 11M 2016 increased by 13.52% in ruble terms (compared to 11M 2015) and stood at 960,239.85 million rubles.
According to Rosstat, general inflation in November 2016 amounted to 0.4% compared to 0.8% in November 2015, in 11M 2016 it was 5.0% compared to 12.1% in 10M 2015.
Food inflation in November 2016 amounted to 0.7% compared to 1.2% in November 2015, in 11M 2016 it was 4.0% compared to 12.7% in 11M 2015.
November and 11M 2016 Key Operating and Financial Highlights[2]:
| November 2016 | November 2015 | Growth Rate | 11M 2016 | 11M 2015 | Growth Rate | |
| Number of opened stores, NET | 317 | 334 | n/a | 1,725 | 2,214 | n/a |
| convenience stores | 180 | 176 | n/a | 799 | 1,181 | n/a |
| hypermarkets | 2 | 5 | n/a | 11 | 27 | n/a |
| magnit family | 5 | 5 | n/a | 30 | 41 | n/a |
| drogerie stores | 130 | 148 | n/a | 885 | 965 | n/a |
| Total number of stores | 13,814 | 11,925 | n/a | 13,814 | 11,925 | n/a |
| convenience stores | 10,393 | 9,525 | n/a | 10,393 | 9,525 | n/a |
| hypermarkets | 230 | 217 | n/a | 230 | 217 | n/a |
| magnit family | 185 | 138 | n/a | 185 | 138 | n/a |
| drogerie stores | 3,006 | 2,045 | n/a | 3,006 | 2,045 | n/a |
| Selling space, eop, th. sq. m. | 4,969.28 | 4,345.09 | 14.37% | 4,969.28 | 4,345.09 | 14.37% |
| convenience stores | 3,408.90 | 3,095.45 | 10.13% | 3,408.90 | 3,095.45 | 10.13% |
| hypermarkets | 662.90 | 630.10 | 5.20% | 662.90 | 630.10 | 5.20% |
| magnit family | 202.32 | 152.35 | 32.80% | 202.32 | 152.35 | 32.80% |
| drogerie stores | 695.16 | 467.19 | 48.80% | 695.16 | 467.19 | 48.80% |
| Selling space growth, th. sq. m. | 103.00 | 117.30 | n/a | 555.56 | 754.45 | n/a |
| convenience stores | 62.85 | 62.10 | n/a | 289.34 | 422.14 | n/a |
| hypermarkets | 3.53 | 16.23 | n/a | 23.76 | 71.01 | n/a |
| magnit family | 5.05 | 5.63 | n/a | 32.14 | 43.28 | n/a |
| drogerie stores | 31.57 | 33.34 | n/a | 210.32 | 218.02 | n/a |
| Net retail sales, million RUR | 86,199.01 | 78,189.04 | 10.24% | 960,239.85 | 845,878.29 | 13.52% |
| convenience stores | 64,537.81 | 58,232.21 | 10.83% | 712,136.19 | 629,366.14 | 13.15% |
| hypermarkets | 11,681.44 | 12,286.43 | (4.92)% | 140,984.28 | 143,072.74 | (1.46)% |
| magnit family | 4,462.78 | 3,834.37 | 16.39% | 50,784.11 | 38,981.22 | 30.28% |
| drogerie stores | 5,516.98 | 3,836.02 | 43.82% | 56,335.27 | 34,458.19 | 63.49% |
| Net retail sales, million US$ | 1,339.21 | 1,202.28 | 11.39% | 14,229.53 | 14,063.21 | 1.18% |
| convenience stores | 1,002.67 | 895.42 | 11.98% | 10,552.95 | 10,463.57 | 0.85% |
| hypermarkets | 181.49 | 188.92 | (3.94)% | 2,089.21 | 2,378.67 | (12.17)% |
| magnit family | 69.33 | 58.96 | 17.60% | 752.56 | 648.09 | 16.12% |
| drogerie stores | 85.71 | 58.99 | 45.31% | 834.82 | 572.89 | 45.72% |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@magnit.ru |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
[1] According to management accounts
[2] Based on the average exchange rate for November 2016 – 64.3658 RUB per 1 USD, November 2015 – 65.0337 RUB per 1 USD, 11M 2016 – 67.4822 RUB per 1 USD, 11M 2015 – 60.1483 RUB per 1 USD